In this Mint Hill Monthly, I’ll be sharing an update on the upcoming platform merger between TD Ameritrade and Charles Schwab along with links to several interesting articles from the month of May. Happy reading!
1) A date of September 5th has been set for the merging of TD Ameritrade and Charles Schwab platforms. On this date, your accounts will automatically and securely transition to the Schwab Alliance Platform, and Charles Schwab will become the custodian. Please note the following:
- No action is necessary from you – the transition will occur automatically.
- As your advisor, Mint Hill will maintain the same ability to service your account as it has now.
- If you haven’t setup login credentials for your TD Ameritrade account through AdvisorClient.com, we recommend doing so. These credentials will be used to setup a login when your Schwab Alliance Platform becomes active (in early Aug).
- Please don’t hesitate to reach out to us if you have questions over the next 3 months. Additionally, a client information hub has been setup for you at welcome.schwab.com/alliance.
2) Below are several articles you may find interesting from the last month. For those short on time, I’ve also provided a quick summary of each.
- Stocks Beat Cash Even If You Could Time a Recession Read Article There is a myth that cash is a safe haven in recessions. This article compares the performance of stocks and cash during recessions and shows how stocks have consistently outperformed cash, even with perfect market timing.
- The Quiet Luxury of Language Read Article This article by Dror Poleg, a writer and researcher, explores how technology and globalization have changed the way we communicate and how we perceive others. He argues that language is becoming a form of quiet luxury, similar to fashion and design, where subtle cues and references are used to distinguish between insiders and outsiders. He also predicts that language will become more fragmented and specialized, creating new barriers and opportunities for social mobility and cultural exchange.
- College prices aren’t skyrocketing—but they’re still too high for some Read Article College tuition is not increasing as much as other goods and services, but it still exceeds the income growth of most families – understand how this affects the access and success of different groups of students, and how to improve it.
- I Bonds Lose Their Luster With Yield Set to Plunge Below 4% Read Article The interest rate on I bonds, a type of savings bond that adjusts for inflation, will fall drastically in November, making them less desirable for investors. If you have already purchased I bonds, you may want to hold on to them until they mature, as they will still earn the previous higher interest rate.
As always, please reach out with any questions or if we can be a resource to you!
Warm regards,
Tyler Anderson, CFP®
President
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